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Vancouver Rents Soar to $3,170 Amid Market Shifts

6/28/2025

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Summary

Story summary

In Q1 2025, Vancouver's two-bedroom apartment rents soared to an average of $3,170, despite a 7.8% drop from the previous year. Toronto, Victoria, and Ottawa trailed behind, with rents at $2,690, $2,680, and $2,490, respectively. Notably, Ottawa experienced an 8.7% surge, highlighting the dynamic shifts in the rental market.

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Story summary

In Q1 2025, Vancouver's two-bedroom apartment rents soared to an average of $3,170, despite a 7.8% drop from the previous year. Toronto, Victoria, and Ottawa trailed behind, with rents at $2,690, $2,680, and $2,490, respectively. Notably, Ottawa experienced an 8.7% surge, highlighting the dynamic shifts in the rental market.